Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Elmendorf, TX Land For Sale Title is generated by Realmo AI

    24222 Mathis, Elmendorf, TX 78112

    View on Map
    Claim this Listing
    For Sale
    $230,000

    LAND - Elmendorf, TX

    Lot size:
    10.66 Acres
    Added:
    Apr 4, 2026
    Days on Market:
    48
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 24222 Mathis

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    OCL
    Standard status
    Active
    Lot size
    10.66 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3385

    We can help!

    Listing Contact
    Kendall Stroud

    Listing agent Kendall Stroud

    Listing office Keller Williams Heritage 1717 N. Loop 1604 E, San Antonio, TX

    Listing date Apr 4, 2026

    MLS# 1950238 Listing URL

    Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • No selling points could be extracted from the provided information.

    Overview

    This property is a 10.663-acre commercial land located in Elmendorf, Texas. The zoning is OCL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Hair Salon Hotel & Motel Bed & Breakfast (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmendorf
    County
    Bexar
    State
    Texas
    Longitude
    -98.409456
    Latitude
    29.167432

    Nearby Similar for Sale

    • $704,000
      1,916,640 SF

      Prime Land Along Loop 1604

      44 acres with frontage on Loop 1604 in Elmendorf.
      44? AC S Loop 1604 E, Elmendorf, TX 78112
      View Details
    • $249,000
      41,992 SF

      Elmendorf Land Near Loop 1604

      Nearly one-acre hard corner site with high visibility and utilities.
      8075 loop 1604, Elmendorf, TX 78112
      View Details
    • $38,000

      Elmendorf, TX Vacant Land

      Vacant lot near U.S. 181 with access to San Antonio.
      15570 Kilowatt, Elmendorf, TX 78112
      View Details
    • $90,000

      Elmendorf Land with Development Potential

      3.1 acres in Elmendorf, TX, ideal for building or investment.
      Hardy Rd., Elmendorf, TX 78112
      View Details
    • $250,000

      Elmendorf Land with Development Potential

      5 acres near San Antonio, ideal for homes or investment.
      7293 Fm 327, Elmendorf, TX 78112
      View Details
    • $72,500
      1,028 SF

      Elmendorf Land with Utilities

      0.287 acres in Elmendorf, TX with electric and plumbing.
      231 E 4th, Elmendorf, TX 78112
      View Details
    • $85,000

      Residential Lot with Mature Trees

      Half-acre residential lot with mature trees, seller finance available.
      22815 Grand Spg, Elmendorf, TX 78112
      View Details
    • $390,000

      Elmendorf Vacant Land Opportunity

      10.43 acres of vacant land within Elmendorf City Limits.
      15785 Kilowatt RD, Elmendorf, TX 78112
      View Details
    • $80,000

      Residential Land in Elmendorf, TX

      Approx. 0.38-acre lot with no city taxes and voluntary HOA.
      22823 CHERRY ROCK, Elmendorf, TX 78112
      View Details
    • $149,990

      Residential Lot in Elmendorf, TX

      2-acre residential lot for peaceful country living near IH-37.
      TBD,LOT 7 Priest Rd, Elmendorf, TX 78112
      View Details
    • $1,499,000
      2,373 SF

      Prime Commercial Land I-37 Frontage

      15-acre commercial land with dual frontage near San Antonio.
      23383 Mathis Road, Elmendorf, TX 78112
      View Details
    • $82,999

      Residential Lot in Sandy Oaks

      0.58 acre lot in a convenient Elmendorf location.
      4610 Waterbird Way, Elmendorf, TX 78112
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.663 acre commercial land for sale in Elmendorf, TX.
    Where is this commercial land located?
    The property is located at 24222 Mathis Elmendorf, TX.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: No selling points could be extracted from the provided information.
    (210) 493-3030
    We can help!
    Listing Contact
    Kendall Stroud
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24222 Mathis, Elmendorf, TX 78112
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!